00:00It's Benzinga, bringing Wall Street to Main Street.
00:02State and federal regulators are moving to fill gaps in U.S. cryptocurrency regulation
00:07after the Clarity Act stalled in the Senate, according to CNBC.
00:11The SEC created a temporary pathway for trading certain tokenized stocks under its existing
00:16authority, while the CFTC submitted a crypto rulemaking proposal to the White House for
00:22review.
00:23Industry leaders have called for clearer rules as traditional financial companies consider
00:27using digital asset technology.
00:29The SEC said it will consider modernizing custody rules for investment advisor and fund assets,
00:35including rules addressing crypto assets.
00:37The SEC said it will consider modernizing custody rules for investment advisor and fund assets,
00:42including rules addressing crypto assets.
00:44The CFTC said it plans to use its existing statutory authority to help establish a regulatory framework
00:50for crypto assets.
00:51For all things money, visit Benzinga.com.
